Problem 17-12 ACP and Receivables Turnover (LO 2] Rose, Inc., has an average collection period of 27 days. Its average daily Investment in receivables is $86,000. a. What is the receivables turnover? (Do not round Intermediate calculations and round your answer to 3 decimal places, e.g., 32.161.) b. What are annual credit sales? (Do not round Intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) a times Receivables turnover b. Average credit sales